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Author Topic: Safest way to keep bitcoins?  (Read 18361 times)
Wipro
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August 11, 2017, 02:16:09 PM
 #261

Make more than one wallet I think and don't put your bitcoin in just one wallet. Atleast if someone hack your account you still save something.
This is also one of a good idea we can have multiple wallets, but of course we also need to memorize all of it or save every details of your wallets so that you will not lose your bitcoin once you forgot your password from another wallet.  Grin

You can use the bitcoin wallet in Electrum or Mutibit. In these places you can add the multiple wallet seeds in one wallet. Hence, wallet can be used like a multiple wallet and different address.
If you are worry about password for the each seed, you can have the same password or most usable password for your own.
BitcoinExpart
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August 11, 2017, 02:18:47 PM
 #262

Make more than one wallet I think and don't put your bitcoin in just one wallet. Atleast if someone hack your account you still save something.
This is also one of a good idea we can have multiple wallets, but of course we also need to memorize all of it or save every details of your wallets so that you will not lose your bitcoin once you forgot your password from another wallet.  Grin
To use multiple wallet may one type of solution, but not longer, as what I believed. Right now, I'm using Electrum mobile wallet that gives me pleasure!

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A.H.Rassel
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August 15, 2017, 09:44:01 AM
 #263

An ideal way I surmise that you can do in safe putting away bitcoins is simply utilizing a wallet seed or wallet private key and don't store it on the pc rather compose it on some paper so you would keep it and if your pc got hacked then he can't get that private key
lady Royal
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August 15, 2017, 10:09:20 AM
 #264

An ideal way I surmise that you can do in safe putting away bitcoins is simply utilizing a wallet seed or wallet private key and don't store it on the pc rather compose it on some paper so you would keep it and if your pc got hacked then he can't get that private key

We can easily lose them don't you think?
But we can have them stored in PC, not the one you use some other PC? or you can use USB drive.
You can protect your PC by using some antivirus software with high security features.


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A.H.Rassel
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August 15, 2017, 10:33:30 AM
 #265

An ideal way I surmise that you can do in safe putting away bitcoins is simply utilizing a wallet seed or wallet private key and don't store it on the pc rather compose it on some paper so you would keep it and if your pc got hacked then he can't get that private key

We can easily lose them don't you think?
But we can have them stored in PC, not the one you use some other PC? or you can use USB drive.
You can protect your PC by using some antivirus software with high security features.
Concur with your feeling and we can utilize google drive too
nexus99
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August 15, 2017, 10:44:13 AM
 #266

I'd never use a paper wallet actually...It seems like the least secure way ever  Undecided
Obi2024
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August 15, 2017, 10:50:37 AM
 #267

I am really not a fan of the hardware wallets and so on, once you lose the hardware, i don't know if there is any way of recovering your bitcoin. i believe there will soon be cryptocurrency banks where you can store your cryptos like in normal banks we have today.

rekinthis
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August 15, 2017, 10:51:53 AM
 #268

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!

If you don't have a lot of bitcoins, i think it is quite safe to keep them in online wallet. Of course if you have more, you should keep them in cold storage. It is not that hard to make one, and it's probably safest way to keep your bitcoins, as long as you don't lose/destroy it.

I really wouldn't recommend you to keep bitcoins in exchange, you probably haven't think of it, but if you did then don't. It's very risky to keep your bitcoins there.

 
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s0beit
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August 15, 2017, 11:01:03 AM
 #269

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
You can keep your bitcoin on offline wallet or use electrum  wallet i think that is the safest way. I used electrum since last year you can keep your bitcoin on cold storage until you don't want to convert it.
Try some online wallet and offline wallet search for a good one wallet then you can keep your bitcoin safe.
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August 15, 2017, 11:07:40 AM
 #270

If it is an investment to HODL you should have cold storage.
If you need to spend them and use them for trading - then you need hardware wallet (like Trezor or Ledger)
That's it
jeraldskie11
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August 15, 2017, 12:51:43 PM
 #271

As I experienced, to keep your bitcoins in safest way is to put it on a wallet that you own a private key in any software wallet. But the number one safetiest and secured wallet is a hardware wallet which is Trezor. Viruses also cannot enter into trezor.
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August 15, 2017, 12:54:52 PM
 #272

What is the safest way to keep bitcoins.

Taken dangers like hacking, losing in to account!
You can keep your bitcoin on offline wallet or use electrum  wallet i think that is the safest way. I used electrum since last year you can keep your bitcoin on cold storage until you don't want to convert it.
Try some online wallet and offline wallet search for a good one wallet then you can keep your bitcoin safe.
You have a small amount, and you will do trading means use any online wallet it is easy to way to transact your bitcoins with one site to another site. Or you want to save your Bitcoin for a long time use offline wallet. Electrum is the best wallet to save your bitcoins. Before I used to save my bitcoins in blockchain but now I shifted my bitcoins to Electrum wallet.
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August 15, 2017, 12:57:50 PM
 #273

The safest way to store your bitcoins in an offline wallet is safer to prevent hacking into your wallet. If you use online wallet you should equip with google authenticator and verification phone number. May prevent hacking from your wallet.
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August 15, 2017, 01:01:22 PM
 #274

Don't know why people don't trust e-wallets. I have several years of using online wallets and there was not a single case of hacking. Always quickly and conveniently transfer or receive bitcoins. I think offline wallet is uncomfortable and it does not guarantee 100% safety.
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August 15, 2017, 01:03:32 PM
 #275

As I experienced, to keep your bitcoins in safest way is to put it on a wallet that you own a private key in any software wallet. But the number one safetiest and secured wallet is a hardware wallet which is Trezor. Viruses also cannot enter into trezor.

Agree holding the private key for your wallet is the safest way to store bitcoin that is why I am getting myself a Trezor or Ledger Nano S as bitcoin value is really high now and hackers are everywhere.
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August 15, 2017, 01:07:46 PM
 #276

Kepping only cold storage wallet is not convenient. You should have two wallets, one for everyday transactions, and one "cold storage" for your savings.
RamBahadur.Gurung
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August 15, 2017, 01:12:25 PM
 #277

I was about to answer that the safest way to keep our coins is in a hardware wallet (Trezor or Ledger). But what happens in case the hardware wallet is stolen? I don't know how is it possible to recover the coins from a hardware backup.
mostkey
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August 15, 2017, 02:21:10 PM
 #278

I was about to answer that the safest way to keep our coins is in a hardware wallet (Trezor or Ledger). But what happens in case the hardware wallet is stolen? I don't know how is it possible to recover the coins from a hardware backup.

Well, therefore every hard wallet both online and offline has a secret key, we have to backup the secret key data, in some places that allows us to save safely, and recommended not only save one data.
DreamweaverVCC
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August 15, 2017, 03:47:13 PM
 #279

paper wallet and paper wallet, go completely offline when you are generating / printing them
theta
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August 15, 2017, 04:39:32 PM
 #280

To all those who swear by paper/hardware wallet, how do you then store and secure it?
It seems to me you are solving the risk of hacking but introducing the risk of losing it/being stolen in an old fashioned way.
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